All posts made by Okurkabinladin in Bitcointalk.org's Wall Observer thread
1.
Post 3676093 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.27h):
There's honestly no reason to be bearish on Bitcoin, for any reason, except the centralization of Bitcoin. (Which seems they are proposing) The only thing required to overcome the 1mb limit and maintain it, is to increase off blockchain transactions. This is what Ripple is for and will allow Bitcoin transactions with virtually no limit.
Though Ripple is centralized - does this not beat the purpose of Bitcoin entirely? In essence we'll have created a commodity like gold, but NOT a currency.
How much decentralized is bitcoin today, when its meat (yes, I am talking about miners) is controlled by few ASIC manufacturing corporations and its bones (users) put their trust into unreliable (and centralized) exchanges. Iīd switch to ripple client as bitcoin trading tool entirely, if not for still relatively low (but rising) liquidity. Atleast I can use it without Open Labs wanting my ID card and 1% transaction fees.
2.
Post 3705394 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.28h):
The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.
Has bitcoin
ever rallied to an all-time high and then stabilized right near the top for a few days, and only then crashed significantly lower? That has never been the pattern before. I think the fact that we're consolidating just under the ATH is bullish for another surge to the upside within 1-2 days.
It's exactly like that.
What happened after
this?
That chart shows a consolidation at about 50-65% of the ATH in 2011. We are currently sitting at only 10-15% less than the ATH. I think that's a significant difference, from a technical perspective.
That chart shows a consolidation at about 50-65% of the ATH in 2011. We are currently sitting at only 10-15% less than the ATH. I think that's a significant difference, from a technical perspective.
But is that difference good (bullish) thing?
EDIT (2017): If I only knew, that we are for multi-year bear market... things would go so differently. Alas, time for new start, gentlemen.
3.
Post 3721530 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.29h):
Possible double top? Lots of resistance to 900 and no volume in the middle of the week
You might be completely right. However resistance at 900 is understandable, itīs the old ATH afterall. If the market breaks that resistance, I will only get worried again when we reach parity with gold...
4.
Post 3724890 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.29h):
845 wall at Bitstamp finally eaten away.
5.
Post 3726142 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.29h):
We still need Chinese to wake up 
guess, I am not sleeping tonight.
6.
Post 3736163 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.29h):
New ATH at Bistamp.
7.
Post 3736182 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.29h):
New ATH at Bistamp.
And now GOX too.
8.
Post 3736333 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.29h):
Waves of money coming in - Fiatleaks showing nearly 7000 BTC per hour - way high, something is coming.
This is not bearish news!
If that site is any indicator at all, then... Chinese are waking up.
9.
Post 3736477 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.29h):
8800 BTC to $1000 on Bitstamp
2100 BTC to $1000 on Gox.
Clearly people are cashing out, and even if Gox breaks $1000, bitstamp will take a while to follow.
Some of those walls
will be pulled and if Bitstamp lags behind, more money will flow in to take advantage of arbitrage.
10.
Post 3736953 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.29h):
1000!!! GOX made it!
11.
Post 3748037 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.30h):
omg who gives a fuck about litecoin. this is a bitcoin forum, we need Adam up in here to stop these posts.
Well those LTC you don't give a fuck about gave me +20% btc in the last couple hours alone.
Good for you do you want a pat on the head? Can you go back to the troll box with this stuff?
Thank you. No.
LTC is just another way to make more BTC. You're just too stupid to see.
The outright disgust of some people toward anything LTC is interesting. You'd think LTC raped their mother or drowned their kitten or something.
Or MAYBE there are still users, that are aware this is
USD/BTC wall observer topic. Ltc has its fair share of space elsewhere on this forum. Now, sod off.
12.
Post 3750796 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.30h):
Bitstamp wall at 1000 usd coming down fast
13.
Post 3754315 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.30h):
WoW, german radio (SWR3) bashing bitcoin:
- Not legitimate
- Not backed by anything
- Could be gone in a year
- Do not invest into Btc
- Keep your children away from it!!
To be honest, I am surprised bitcoin isnt bashed more in Germany. That country has obsession with regulations and outright bans.
Since before Bismarck, since before Frederick the Great. Maybe since Arminius. Those pesky Germans!
14.
Post 3754706 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.30h):
The sell/buy battle on Bitstamp and Gox right now is just epic.
15.
Post 3754886 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.30h):
The sell/buy battle on Bitstamp and Gox right now is just epic.
was there just a 1k coin buy on bitstamp at $1k?
Yeah, it ate away half of new wall in a instant.
16.
Post 3755065 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.30h):
I don't get it. Why are stamp and gox pulling in opposite directions?
Gox is being manipulated by Karpeles. He's probably right now in the back of a limousine eating sushi getting sucked off by a bunch of Japenese schoolgirls whilst creating all these fake buy orders bumping up the price.
Even, if you are right, why would Karpeles stop now, when gold parity (and associated media attention) is within handīs reach?
17.
Post 3759272 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.30h):
Few minutes ago somebody bought 250btc on stamp... with 0% fee, it's a perfect time for arbitrage + gox announced today that their bank doubled the limit for SEPA withdraws.
What are you talking about? Gox dropped fees, not Stamp. I can certainly see them in my order book
18.
Post 3765315 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.30h):
so its very calm on gox, china is awake, europe is awake, usa starting the day, any explanation for the boredom?
Silence before storm
during evening Gox and China will make a run on gold parity. What happens when they get there is anyones guess.
19.
Post 3765412 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.30h):
so its very calm on gox, china is awake, europe is awake, usa starting the day, any explanation for the boredom?
Silence before storm
during evening Gox and China will make a run on gold parity. What happens when they get there is anyones guess.
Nothing speacial will happen, only that 1 BTC will be more expensive than 1 oz.
I have to disagree here, parity with gold is atleast similar to passing 1000 USD/BTC in relevance. There will be both panic buys and cash outs. Either Bitcoin will accelerate towards "moon" or start crashing hard. Canīt wait to find out
20.
Post 3882842 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_11.34h):
Up we go. I thought Sunday was usually a down day.
It's not Sunday everywhere
Never heard, that corrections only happen on weekends. Thatīs new one.
21.
Post 5262643 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_12.14h):
OK there is nothing wrong, I just contacted Bitstamp (I live near them) and they activated withdrawals for me right away, they told me it is a safety precaution, and they will make an annoucment and send e-mails with instructions to how withdraw..
so just be patient...
I am calling BS. My withdrawal (several thousands of dollars) has been pending since 16th february. All Bitstamp did was sending of KYC questions on 18th. Since then
NOTHING. And no I canīt use the money for trades either, they are just floating in limbo right now.
22.
Post 5262787 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_12.14h):
I am calling BS. My withdrawal (several thousands of dollars) has been pending since 16th february. All Bitstamp did was sending of KYC questions on 18th. Since then NOTHING. And no I canīt use the money for trades either, they are just floating in limbo right now.
The problem everyone is talking about is BTC not $
So itīs perfectly okay, that people can continue to play with virtual money, but their bank accounts will stay empty? Thanks for clearing that up.
23.
Post 5262954 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_12.14h):
I am calling BS. My withdrawal (several thousands of dollars) has been pending since 16th february. All Bitstamp did was sending of KYC questions on 18th. Since then NOTHING. And no I canīt use the money for trades either, they are just floating in limbo right now.
The problem everyone is talking about is BTC not $
So itīs perfectly okay, that people can continue to play with virtual money, but their bank accounts will stay empty? Thanks for clearing that up.
I had the same KYC email when I requested a SEPA withdrawal, and I just answered the questions and provided a copy of my Passport and they proceeded my withdrawal, so I am not sure what are you waiting for...
One moment, sir. I answered all the questions. However I didnīt scan my passport - I donīt have one and told them so (they already have the ID card and copies of bills anyway). Keep in mind, Bitstamp didnt reject my withdrawal or asked for any other information, they just went silent, while keeping the withdrawal money in no manīs land (Status: In process). I can provide pictures if needed.
24.
Post 5817994 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_12.28h):
Davyd05, QuestionAuthority welcome to my ignore list.
fuck racism
I'm from Nuevo Mexico, I got my degree from UNM and my wife is part Mexican and part Paiute Indian. You think you know what you don't know.
How do you think I know there's a shitload of drunk Indians there? I'm from there dumbass. lol
AFAIK, Nuevo Mexico is blue meth, fathers with terminal cancer, badass black-chileans and mad neonazis. Which one are you?
New Mexico - it's where Albuquerque is located. It's a state in the United States.
Oh, I'd probably put a Bitcoin ATM in Antarctica before Albuquerque. More people would see it there.
Itīs funny, when two white Americans call each other names over a joke. Like watching retards compete at chess.
25.
Post 11014375 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_14.09h):
Wow, the market has been remarkable slow (boring) for the last few days. You can tell by number of people, who forgot they are in wall observer thread.
26.
Post 11073936 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_14.11h):
It looks like really slow/boring downside movement, where we will test support around 200-220..if we break that support, damn, it will take long time before we will truly reverse the bear trend...my crystal ball told me that this morning
so i am placing buys on 20 BTC @ 180...do you think its too low / or still too high??
Iīd say too high, entire movement since january seems now like H/S pattern, which would point to lower lows 90-130. However 180 is safe bet unless you go in leveraged, bitcoin should recover fairly quickly after crashing to bottom.
27.
Post 11081016 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_14.11h):
sell your coins you fucking retards
i'll be the guy dying of laughter when you're fighting over yourselves to panic buy when it starts approaching four digits again.
now go fuck your mother.
If I had a list of members who bounced from thread to thread saying weird offensive shit... You'd be on it, you hate filled toad
Hey tokeweed you fucking degenerate faggot.
Why does theymos with all that semen pumped up his butt delete my righteous pictures of mein fuhrer while letting you spread your aids everywhere?
It's almost like the jews have won.
He thinks, he is Eric Cartman.
28.
Post 17577352 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.02h):
We wont see 1000USD/BTC "floor" anytime soon.
Remember, last bubble? How many predicted that BTC will actually go down from 1100 to well below 200 a piece? So, for next couple of years I am sceptical, that Bitcoin can leap and stay over 1000 dollars indefinitely.
Ten years down the road? Sure.
29.
Post 17583911 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.02h):
Karpeles is history. Unless he somehow magically finds missing coins and unloads them on chinese sites, there is no, NO, reason to discuss the criminal here.
Lay it to the rest, people. He is as good as dead in bitcoin world.
Now, back to wall observing and speculating.
30.
Post 17607773 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.02h):
Look at that volume!
What a drop!
I think this is it with chinese dominance, in terms of trading volume of course.
I see.
The thing is, that volume of western exchanges didnt surge to the level, chinese has fallen off. Indicating that atleast some of the volume was indeed fake.
Short and mid term, this is quite bearish news, I am afraid. A lot of the excitement might fall of, once investors in Asia realize, that the party house is half empty.
Long term, it will be beneficial for multiple reasons, not least adding transparency and credibility to established exchange providers.
31.
Post 17633264 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.02h):
It is quite possible that mexican currency will enter free fall as the better off try to get their money out of the country, that will be forced to devalue in order to stay competetive with newly erected protective measures of United States market - its number one bussiness partner.
Interesting times ahead of us.
32.
Post 17642753 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.02h):
Elwar,
since you just applied Goodwins law to this thread, in a way that is completely unrelated to wall observing BTC/USD tracking. I will just ask you to do us a favor.
Please, do not never ever breed.
33.
Post 17692890 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.02h):
One would say, that with all the action in markets right now, well have conversation about Bitcoins.
Alas, that is not the case. Instead its the marxist cuckolds against testoterone driven darwinists about the meaning of life.
Welcome to the Bitcointalk forum, folks!
34.
Post 17701176 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.03h):
When will Bitcoin reach $1000?
It looks like it will only be a few days.
Difficult to say, it might not even be during this pump. We're certain to go above $1,000 but not necessarily in the immediate future.
I hope we do though.
It's just $1,000 seems to act as some sort of psychological sell barrier where people feel the need to get out & take profits.
I vividly remember, that back in 2013, it was the same exact story with 100 dollars, acting as both barrier and eventually support line. We moved back and forth multiple times to the point it became a pattern. Then one day, we broke down from 130 to 90, recovered and next you know, we were attacking 1000 dollars for the first time.
35.
Post 17794586 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.03h):
2nd leg down coming?
Eventually, but I doubt it will be tonight with this kind of volume on exchanges. We should have period of consolidation for the next 24-48 hours. Western exchanges have lost 10% and chinese 15% in a single day. Thats plenty for one afternoon and many sceptics are already buying back in.
36.
Post 17795053 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.03h):
Calling the bottom. Wasn't the margin trading expended in China? Then they can only sell once.
For every seller there is a new buyer, you know? And nothing will hold new owners to keep holding their coins, if they dont see swift price recovery in the following couple of days.
Just letting it out there. Its not like this threads "to the moon" pictures have the power to change trends in price movement.
37.
Post 18042114 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.04h):
HI-TEC,
this is really useful info, thank you for sharing. It is logical, Chinese will implement similar measures that are already in place on majority of western exchanges. Ie formal disclosure of identity of its asset holders and users.
Personally, I believe this will be better for bitcoin price in the long term. Less room for shady business. Much better.
38.
Post 18138334 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.05h):
Seems to me like both people who were short and people who were long were burned on Bitfinex. Feels a little bit too kind of "insiderish" for my taste.
Anyway, I cant wait for next week. Price development will be without doubt exciting.
39.
Post 18417646 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.07h):
Well, this thread now is officially dead, I see.
Two pages and aside from one post claiming that bitcoin is skyrocketing, not once I saw anything resembling price observation.
Guess, nearly 17 000 pages made its toll.
By the way, if Gox will reopen in future, I assure you, that it wont boost the price of bitcoin. Not aftery the infamy, that Karpeles brought it down with.
40.
Post 18431934 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.07h):
Looked at Bitcoin and Litecoin prices a few minutes ago....
Even bearstamp's hit $1099, and there's only 225 coins to go before it hits $1100. This is an unexpected pump as the banks aren't even open yet.
Since we didnt see any retrace over the weekend, I wouldnt be suprised at all, if bull trap awaited us during tommorrow or day after that. It wouldnt be the first time we decide to take a plunge on monday... and we still havent really retested bottom, did we?
Ill stay on sidelines untill we either revisit bottom or reach 1250.
41.
Post 18490129 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.07h):
This might be very tough nut to break for bitcoin. As there is quite a resistance line at 1200 across exchanges. We just might have witnessed top, followed by head and shoulders pattern.
On the other hand, it is interesting to note, that all more visible altcoins are losing their value, suggesting movement of whales back to bitcoin and even more fiat on sidelines. If we break 1200 than 1300 is certainty, if not, the fall can be quite deep.
42.
Post 18492274 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.07h):
BTC will touch 1300 usd this month!
This month we can expect the mark of 1300$ because at present bitcoin is in the big pump after Japan have declared that bitcoin as a payment method in Japan. This can boost up the price of bitcoin because many Japanese people are entering into bitcoin market to increase the value of bitcoin.
Japanese people are not fanboys. If they move some of their funds into bitcoin, it will be to save money making transactions, not to pump price of Tulips.
Personally, I believe that this will come to fruition only later, perhaps during summer or even later. Investors in countries such as Japan and Germany are quite conservative and never risk too much of their portfolio on what is to them still unproven product.
43.
Post 18672537 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.08h):
DEEZ GAINZ
really hoping that it doesn't retrace the minute bitfinex gets it shit together.
god 8 years in and it's still never a calm moment in this space.
You went long Finex of all places? Do I need to remind you, that it doesnt process withdrawals while chinese lag about 10% behind?
Thats not investing, thats gambling. Also lol about the "hope" part, man. You never learn.
44.
Post 18674316 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.08h):
WHY. ISN'T. STAMP. DUMPING???
This makes no sense.
the bearwhale pockets has a bottom too, it is not endless.
and after multiple days of dumping you either get bored or reach the end of your plans and need to start doing something different since now everybody sees the price difference between bitSTAMP and other places.
It doesnt work that way, friend. Price can dip regardless of whale manipulation especially since keeping it that level consumes huge amounts of USD every day. Miners gonna eat too. Also vast majority of investors are neither bulls or bears, once the bull momentum fades - and there are signs of that already, you will get snowball effect.
Finex is possibly going through insolvency and chinese are still paralyzed by their central bank. There is nobody in the entire market right now, who can replace both at the same time.
Take your bet on what is going to happen.
45.
Post 18714784 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.08h):
Stable value of bitcoin for days... I don't like it!
Either get a big pump or a little dump, but at least lets have something. But of course, I prefer a big pump!
Tell me private,
how do you define "little dump". 1000? 800? Lower?
It is remotely possible, that we will overshoot to 1500 in this move. Yet, why should we? There was no market capitulation, scaling wasnt really resolved, chinese are still paralyzed and bitfinex is close to insolvency.
Bitcoin while performing quite well in all those year is not exempt from the laws of physics.
46.
Post 18752724 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.08h):
My thoughts too but better expressed. I can't get excited about this price increase, I'm just waiting for the plop.
+1
I'm out now except for the first wallet of coins I mined waaaay back when it was still feasible to do so with graphics cards...
The shit is on-route to the fan IMO. Everyone can see it in mid air, everyone can see its trajectory. It might slide through without hitting the blades. It might get splattered all over the walls, floors and ceiling. Either way, it's interesting to watch.
Agreed. I've been out for a while too now...
This shit is just too confusing. How the hell is anyone supposed to see where it's going?
Sure long term is much easier. I just buy some coins from time to time and I'll sell them when I will need it.
What I know for sure is that btc is useful when you want to store value but I don't see how you can be sure to make short term profits xD
They are not sure, they are doing it for the thrill like gamblers
Please, keep in mind that even well educated guesses can get wiped out in leveraged positions, when whale out of blue dumps or buys large sum on their particular exchange, moving price 5-10% against the market. In larger picture it doesnt matter, but the disturbance is enough to force liquidate positions of such gamblers.
Thats why established investors never *bet* more than 5% of their entire portfolio on any particular deal at any time.
47.
Post 18752973 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.08h):
What's fishy is that the regular (paid?) trolls are quiet, they're not here trying to (fruitlessly) talking the price down. I don't trust this market to go up either, and I put my money where my mouth is (a while ago, so at a loss compared to current prices).
ATH soon.
You think we can expect all time high and correction already this weekend or the trend will continue into the may? I retracted my statements earlier that this is a bull trap, however at current rate, market might overheat. And fundamental problems like Finex insolvency or scaling still werent addressed.
Consolidation lasting months could very well be the case for near future.
48.
Post 18766464 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.08h):
where's this sign up for getting paid to talk up a certain perspective? i'm totally available! and look, i'm an old account. i have all sorts of inherent value. i'll shill, honest i will!
just pay up front.
(this is all a joke, btw. no one pays me for anything i say. i'm not that lucky.)
You are not that openly immoral.
no, but broke and increasingly desperate...
hence why i said it was a joke.
i dont get it
people were saying how there are shill posters getting paid to promote certain views. i jokingly asked where to sign up. that's all.
That would actually be quite flattering, since whales and perhaps companies would consider Bitcointalk important enough to further their propaganda here.
Power is alway closely followed by money, friend.
49.
Post 18781709 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.08h):
I have a feeling that bitcoin will go up to 1400... what do you guys think ?
I have a feeling you need to be mentally insane to buy bitcoin with a $300 spread with China and $100 spread between ScamFinex and everywhere else. You see Adam pop in and out of here cheerleading the carnage but you know damn well he's not buying right now lol. This market is a trainwreck. What the hell am I even looking at? A $20-$25 spread used to mean "welp, that's it for this pump, time for the crash". Now it's just Bernie Madoff/Gox style scam spreads everywhere and people don't even seem to care.
Can't wait to see what excuse the exchanges come up with when this thing blows up:
You are perfectly right.
Similar situation full of disbalances however did not prevent bubble back in 2013
and majority of investors here have gambling streak. So the rise will only run its course until it exhausts itself on major resistance or Finex goes bankrupt. Whatever comes first. 1500 is reasonable price to close our position and wait for the reckoning.
50.
Post 18790749 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.08h):
BTC dominance over alts down to only 62.7%. It was around 68% just a few days ago...
I am not sure, if you can comprehend this my friend, but 60%, 50%, 40% is still huge.
I remember, that back in eighties console crash nearly killed and for year crippled gaming market. If bitcoin fail this year, it will have absolutely devastating effect on all other cryptocurrencies in the span of several years. Do you have time to wait several years for another opportunity?
So dont get yourself worked up too early, you might regret it.
51.
Post 18842651 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.09h):
Who will sell at the bottom?
Lol this is the most weak beartrap I have ever seen in my whole btc trading life. Bottom? More like a move to a price of 6 hours ago xd. BTC cant be stopped and wont be stopped because its immutable. Its the ONLY thing in this world what is immutable. How much is that worth? Thats right, everything.
Jesus motherfuking crist...
this place is so full of hardcore fanatics BTC extremists, that im beggining to get afraid. this mofos will even turn agressive on any "BTC is not god" opinion.
the "who is selling at the botton" meme is funny as fk too.
Keep calm, they are but drunk on over-leveraged positions and momentary profit, youd see how fast most of these guys would vanish, if their golden bull faltered.
Indeed, Bitcoin is not a God, but a tool. Now, entering bubble period. Just look for another thread, there is bazillion tonnes of wishful thinking in this one, depending on if gambler in question is short or long.
52.
Post 18843685 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.09h):
bfx goes from 1550 to 1473 in an instant, and then over half an hour climbs back to 1550 ... I'm no TA expert, what does that mean?
There's hardly anyone there any more other than trapped shorters?
It just means that the Japanese are buying the weak hands coins. They will never see those btc back anytime soon. Expect some serious action soon guys, Japanese are crazy on the market. Some real loose canons around there. We will see some hillbilly trading like btc hasnt seen for a while. Lock & load guys. Load and load...
I think you're right, it's a bullish indicator. Whether someone did it on purpose or not, we see that the market's response to a mini flash crash is to go right back up, not trigger a bunch of panic sells
Also it's interesting to compare the exchanges. The biggest drop was bitfinex, followed by bitstamp. the rest of the exchanges didn't fall nearly so much. I'm sure there's some pro out there who can look at that and can infer useful information on the capacity of various arbitrage channels.
It might just mean, that some exchanges are still waiting for their correction. We have seen the same thing couple of days before western exchanges broke old all time high.
We should seek higher volume shake up before picking up steam again.
53.
Post 18850641 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.09h):
The funny thing is if/when Bitfinex actually solves it's banking issues (and therefore proves to be USD solvent), there will be a price correction.
Yes, that is also true. Although I neither expect that to be a violent move at all.
There will be a price correction but I think that it will just reduce the abnormal +$100 gap between bitfinex and the other exchanges, I don't think that the bitcoin price will crush under $1400
I don't understand this gap though, is there any explanation for it?
But yeah no way the price goes too low, all I see about btc are good news!
Every time you start seeing members saying "price XY is gone forever" it is time to mentally prepare for it
Seems like we have no respite for now, though. And the rise will reach local top without correction. I am as excited as you are.
54.
Post 18851287 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.09h):
Wait for ridiculous, and then some more. And sell then.
This might be the best trading advice on this thread in the past thousand pages or so given how so many locals mistake this place for some sort their personal diary.
Thank you, sir.
55.
Post 18852132 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.09h):
$4 away from yesterdays ATH on Bitstamp. Is anyone else ready for $1500 to break over there as I am?
Wait for ridiculous, and then some more. And sell then.
I would advise against attempting to sell high and buying low for inexperienced people, i.e. those who don't trade often. It is highly likely that you will end up doing the opposite, i.e. sell low and buy back in high. I've seen this happen to a lot of people.
Well, sure. Holding bags is safest way to make money in market that is undergoing its boom stage.
However, staying put may also prevent people from ever learning the ins and outs of cryptocurrency.
Middle road might prove the best, Forex Traders advise to never trade with more than 5% of your net worth. A lot of local gamblers would do well to follow it.
56.
Post 18885324 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.09h):
Bitcointalk User: "To da moon, bitches! Death to all bears!"
Price drops by 15%
Bitcointalk User: "Abandon ship, abandon ship, everything is lost!"
Some of you need prozac or Jesus or both. When you attack people who dont share your blind euthasism and when you lose all self control to momental price fluctuation displaying acute lack of humility and perspective.
This is formation of triangle, not biblical armageddon.
57.
Post 18886391 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.09h):
We are heading for the 50/50% BTC market dominance over the alts... Never thought this day would come.
But after all, I think when that day come it will end up good for both parties in the long run.
Nah, ETH is literally around $500 in terms of bitcoin price/market cap
And it's gotten there by just piggybacking on bitcoin. Either way bitcoin is undervalued or ETH is overvalued. Both will result in ETH getting dumped on
ETH will collapse the same way Litecoin collapsed back in 2013 just before final push that broke through 1000 dollars per Bitcoin All time high. It is very easy to change one bag for another. And unless bitcoin market share gets under 40% it will have the kind of gravitational pull to rule sentiment of entire cryptocurrency market.
Thats not dissing of ETH in particular, merely observation. Long term, you might be right.
58.
Post 18945123 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.09h):
helemaal knetterr
With all due respect, I am not sure logarithmic count like that applies. You arent counting since 2009 for start and only at one point did price touch upper channel of your chart. It is as good guess as any other.
Back in 2013 very small group of people predicted, that bear market will last for two years.
What I noticed is that bitcoin grew 16x in 2012 and 4x in late 2013. If we are talking about repeating patterns, than this time around we should top at 2-2.5x of old ATH before significant correction and taking deep breath before another run up.
That would put local top around 2500 USD/BTC later this month.
59.
Post 18956119 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.09h):
I would just like to inform newcomers to think twice (or three times) before entering long or short position right now.
We are in for a long ride. But nobody can currently guarantee you, that swings in market price wont swiftly erase your position. Thats the con of profitable volatility. In 2013 bitcoin did at multiple times lose up to 35% of its value within hours to fully recover in just couple of days.
Exciting times ahead of us, indeed.
60.
Post 19042486 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.10h):
Since we hit a support line at around 1650, we might stay here for a couple of days.
Any thoughts on, if we continue all the way down to 1200 or bounce back to 1800 first?
By the way, the panic was amusing, but it is clear as day we are looking at market consolidation, not start of a bear market.
61.
Post 19057480 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.10h):
So far it unfolds very much like 2013 bubble did. Altcoins shortly making boosts during bitcoin correction - then more growth (wave 5?) for Bitcoin.
Quite exciting and eventful year for all of us.
62.
Post 19057875 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.10h):
What's going on bitstamp?
Why this spread??
A few minutes ago spread got over 40 $!!!
It's not called Bearstamp for nothing.
It might be the only major western exchange that is not completely owned by insiders.
I wouldnt discount its influence.
63.
Post 19122758 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.10h):
I shouldn't be complaining with the price rising as quickly as it has, but I've got a bad feeling this bubble is gonna pop.
Not sure what the fundamentals are that got us from $1700->$2000 so quickly.
I wished it would pop so that I can buy.
We have not had any kind of meaningful correction since $890... but it seems that we are going up and we continue have pretty strong buying pressures and also quite a gradual upswing that seems to allow support to remain...
So maybe we will have some resistance in the $2300 to $2500 range, but if we get past that, then the next resistance is likely in the $3k to $5k territory.. so yeah.. seems like a bubble.. but at the same time we continue to have pretty decent buying pressure and support and upwards movement and a meaningful correction does not really seem in the likely cards, at least not at the moment.
In other words, bitcoin may be in "punishment mode" and not going to give shorters, bears, sellers or fence sitters to get their coins back that they sold in the $1k to $1500 range...
sorry for your loss.
According to Finabocci, next resistance line is likely around 2100 USD. It should be tested from both under and above several times (like the 1750 before). I agree we have entered bubble (and like many others I got punished for being sceptical for too long), but bubbles dont last two weeks. We are in for longer ride.
I am still sceptical that we will reach anywhere close to 10k this time around before reaching local top and substantial (months long) correction. 4-5k seems realistic in the medium term.
64.
Post 19140799 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.10h):
So is it an attempt to stop the User activated fork getting traction ?
yes, because the period from august 2017 to november 2017 is the enforced period for Segwit ... not the LOCK period.
https://github.com/bitcoin/bips/blob/master/bip-0148.mediawikiso Segwit2Mb is a trap.
they want introduce the 2Mb before SegWit LOCK.
So the folks who want 2Mb don't trust the SegWit people not to break away after SegWit is locked and block a later block size increase?
Sounds understandable given the emotionalism on this issue. It would be very disruptive to activate SegWit and then deactivate it before LOCK. Seems unlikely the miners would do this. It seems far more likely that the SegWit folks would increase their opposition to a block size increase to 2 Mb once they already have what they want.
I am not understanding why this is not a reasonable roadmap forward.
This roadmap is a new era in bitcoins history.
Soon 2200 USD, today!
Some people just do not want bitcoin to evolve.
I am more interested where will the next correction lead us. 1550 USD/BTC is the floor for now? I think its realistic to say, that we will reach atleast 4000 dollars per bitcoin during this summer, however there will be more bumps along the road, where bitcoin takes deep breath before rising again.
Just my two cents. Seeing proper attempts at technical analysis is rare these days, not the least for the fact, that everyone but to the moon people gets bullied into silence.
65.
Post 19199058 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.11h):
Not just Bitcoin that's falling, most crypto is losing value right now. Interesting since most of the time when a situation like this happens, since it's usually those alts going up. Once we reach the bottom it'd likely be a good time to buy.
Not at all, because we are in bubble just entering parabolic stage. Not "most of the time" situation
In 2013, alts after massive growth crashed in reaction to bitcoin correction. Then whales poured all their cash to Bitcoin in anticipation of final wave 5. It came and it was glorious.
66.
Post 19285141 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.11h):
Big dump on Finex...time to go below $2k again...
Not yet. We will see several more days of sideways. 5% plus or minus a day is nothing.
I think we will eventually hit 1600 as a bottom, but not before end of this week. Volume needs to dry out a little bit more.
It will be long weekend, guys.
67.
Post 19302031 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.11h):
A new ATH this month is maybe to much to expect (but I wouldnt be surprised at all). Thinking long term it would be better is this month would be just a consolidation of around $2500.
Yes, we need to have another retest of ATH, unless it breaks out decisively we are looking at couple more weeks of consolidation. However, even then I more positive then ever, that we are not going to see sub-1500 anytime soon. This bull trend is incredibly strong and once we retest lows one more time, we can resume the growth.
We could eventually even reach 5k USD/per bitcoin this year, who knows?
68.
Post 19302431 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.11h):
A new ATH this month is maybe to much to expect (but I wouldnt be surprised at all). Thinking long term it would be better is this month would be just a consolidation of around $2500.
Yes, we need to have another retest of ATH, unless it breaks out decisively we are looking at couple more weeks of consolidation. However, even then I more positive then ever, that we are not going to see sub-1500 anytime soon. This bull trend is incredibly strong and once we retest lows one more time, we can resume the growth.
We could eventually even reach 5k USD/per bitcoin this year, who knows?
It is quite possible that the testing of the lows are done.
Even though there are attempts to keep the price down and even get below $2k, we keep trickling back up... up and up and up.
Might not be another down test until somewhere between $4k and $6k?
Perhaps you are right
however, winter... weekend is coming. And we all know what happens during weekends... unless, some great info emerges, that would break back of bear whales.
I also find it very bullish, that predictions about resolution of bitcoin withdrawals in China proved to be correct. Before PBOC intervention, China was the market leader pushing the price up and being ahead of west by 5% on average. We should see that now again.
This summer will be quite eventful.
69.
Post 19342518 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.11h):
153BTC wall on Bitstamp @2513
The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.
If everything is indeed flipped and we are getting weekend pumps, then it begs a question what will happen on mondays, which used to be bullish until now. Dont you agree?
Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?
70.
Post 19391925 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.12h):
I used to love bitcoin and now i hate it. Its slow, transaction fees are over the roof and it seems there cant be any consensus of future development... Centralised Chinese based mining...Still hold it, but i am disappointed with BTC... very disappointed...
But you will stay for the same reason, that you have entered in the first place. Profit
Bitcoin is not God, it is vehicle of bussiness. In such cases corporatization is mark of effectiveness and indeed maturation of the technology.
Just my two cents.
I used to love bitcoin and now i hate it. Its slow, transaction fees are over the roof and it seems there cant be any consensus of future development... Centralised Chinese based mining...Still hold it, but i am disappointed with BTC... very disappointed...
The fact that scalability is low and minining can be cornered by cartels means Bitcoin has been destined to be nothing more than a rent seeking usury system for a LONG TIME NOW.
#thegoyimknow
Good morning.
71.
Post 19393468 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.12h):
I woke up this morning to see price almost hitting 2900 on Finex. Since we've cleared out the recent ATH I think we can safely say this isn't a double top and after a little more sideways motion we will continue to rally upwards like last time. If only the price would hold like this through SW on August 1.... I don't see whales cashing out like last time so soon. Maybe when we get to 3500?
That would make sense. There will be pause at 3200-3500 level, perhaps even small correction before we test new all time high at 4500, perhaps as soon as july.
Then we will see where this goes. I have strong doubts we can make 10k during this summer - and it would not be healthy for the market either, overheating it severely.
We will see.
72.
Post 19560763 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.12h):
Another dump.
Will the price test $2000 again or are we going to see higher lows?
Will the price test $3000 again until august?
Bitcoin presents a variety of opportunities that did not exist prior to its development. Yet, it has failed as yet to convert investors concerned about its potential rate of adoption as an alternative currency. Recent acknowledgement by the IRS that Bitcoin is an asset for tax purposes has clarified the situation for investors, and the promise of frictionless value transfer suggests innovative use cases in foreign direct investment. In the near term, much of the volatility will be driven by investor perception of the ability of gateways to safeguard individual holdings and provide for a reliable store of value as adoption increases.
Read more: Why Is Bitcoin's Value So Volatile? | Investopedia
http://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp#ixzz4k04SefkD
73.
Post 19702129 (copy this link) (by Okurkabinladin) (scraped on 2020-04-04_Sat_15.13h):
Sure, suppose the ICO craze spreads even further. It carries the ETH price to a thousand bucks. Or several. Whatever. Something extreme.
What exactly have shifted? Will your BTC be worthless? No. Will the companies and services go away? No. Or consider the other way around, there is a new DAO and now it's worth fifty cents. BTC doesn't care.
For a something supposedly declared obsolete, altcoin shills sure have a fixation with Bitcoin...
That's a little like rabbis asking what's shifted with the whole Christianity thing. I'm not sure if they will be the new religion, but they're proselytising at a faster pace currently, and that's bad news for those of us who seek power above belief.
We are comparing a method of knowledge (science) to a system of belief (faith), which is not known for revising itself based on new evidence. Even when it does, the wrongs are blamed on human interpretation. Science is all about improving ideas to get closer to the truth, and, in some cases, completely throwing out theories that have been proven wrong. Furthermore, the claims of religion are virtually all unfalsifiable, thus cannot be proven wrong. Therefore, comparing religion and science on the basis of falsifiability is a faulty comparison.